UK Games Tax Relief

George Osborne, MP and Chancellor of the Exchequer and Second Lord of the Treasury of the United Kingdom, didn’t include announcement of a games production tax credit in his latest budget, which UKIE said is “very frustrating” of UK developers.

The European Commission believes there is “no obvious market failure” in the UK games sector to provide tax relief to developers, and has opened an in-depth investigation into the proposed scheme backed by the industry and trade groups.